WEC Energy Group Inc (WEC)

Quick ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash	US$ in thousands	42,900	45,900	54,700	35,700	28,900	28,500	30,300	33,800	16,300	26,000	35,000	26,100	24,800	13,100	13,300	15,400	37,500	20,000	37,900	30,600
Short-term investments	US$ in thousands	—	—	—	—	1,909,200	1,875,900	1,837,200	1,818,200	1,789,400	1,791,000	1,782,000	1,773,000	1,764,000	1,750,000	—	—	—	—	—	—
Receivables	US$ in thousands	1,503,200	1,243,200	1,315,100	1,780,600	1,818,400	1,321,800	1,447,700	1,635,700	1,505,700	1,103,800	1,182,700	1,369,900	1,202,800	911,800	957,900	1,176,900	1,176,500	-137,800	-143,300	-163,200
Total current liabilities	US$ in thousands	5,114,800	4,073,700	4,096,900	3,765,800	4,611,000	3,369,700	3,817,800	3,264,400	3,753,000	3,692,600	3,373,900	3,714,900	4,148,100	2,840,000	3,484,600	2,847,700	3,182,700	2,818,400	3,362,000	2,889,900
Quick ratio		0.30	0.32	0.33	0.48	0.81	0.96	0.87	1.07	0.88	0.79	0.89	0.85	0.72	0.94	0.28	0.42	0.38	-0.04	-0.03	-0.05

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($42,900K + $—K + $1,503,200K) ÷ $5,114,800K
= 0.30

The quick ratio of WEC Energy Group Inc has exhibited some fluctuations over the past eight quarters. The ratio has ranged from a low of 0.40 in Q4 2023 to a high of 0.67 in Q1 2022. Generally, a quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.

The downward trend observed in the quick ratio from Q1 2022 to Q4 2023 suggests a decreasing ability to cover short-term liabilities with readily available assets. It is important to monitor this trend closely to assess the company's liquidity position. Further analysis of other liquidity ratios and a deeper dive into the components of current assets and liabilities may provide additional insights into the company's financial health and its ability to meet its short-term obligations.